Shares of Bridgford Foods Co. (NASDAQ:BRID - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.44 and traded as low as $7.89. Bridgford Foods shares last traded at $7.84, with a volume of 503 shares.
Bridgford Foods Price Performance
The firm has a market cap of $71.98 million, a P/E ratio of -21.43 and a beta of -0.27. The firm's 50 day moving average is $8.07 and its 200 day moving average is $9.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.74 and a quick ratio of 2.71.
Bridgford Foods (NASDAQ:BRID - Get Free Report) last announced its quarterly earnings results on Friday, March 7th. The company reported ($0.12) EPS for the quarter. Bridgford Foods had a negative return on equity of 2.63% and a negative net margin of 1.51%. The company had revenue of $52.55 million during the quarter.
Hedge Funds Weigh In On Bridgford Foods
Several hedge funds have recently bought and sold shares of BRID. Renaissance Technologies LLC purchased a new position in shares of Bridgford Foods in the 4th quarter worth approximately $124,000. Factorial Partners LLC boosted its holdings in Bridgford Foods by 13.8% in the 4th quarter. Factorial Partners LLC now owns 25,017 shares of the company's stock worth $263,000 after buying an additional 3,037 shares during the last quarter. Northern Trust Corp lifted its stake in Bridgford Foods by 28.6% in the 4th quarter. Northern Trust Corp now owns 31,913 shares of the company's stock worth $343,000 after purchasing an additional 7,093 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Bridgford Foods in the first quarter worth approximately $570,000. Institutional investors own 4.68% of the company's stock.
About Bridgford Foods
(
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Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen and snack food products in the United States. It operates in two segments, Frozen Food Products and Snack Food Products. The company offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products, as well as ready to eat sandwiches and non-refrigerated snack food products.
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